GDP, output and expenditures; changes, Quarterly National Accounts

GDP, output and expenditures; changes, Quarterly National Accounts

Type of data Periods Production approach to GDP Value added basic prices A-F Agriculture and industry B-E Industry (no construction), energy C Manufacturing 10-12 Manufacture of food and beverages (%) Production approach to GDP Value added basic prices A-F Agriculture and industry B-E Industry (no construction), energy E Water supply and waste management (%) Production approach to GDP Value added basic prices G-N Commercial services G-I Trade, transport, hotels, catering H Transportation and storage (%) Production approach to GDP Value added basic prices G-N Commercial services M-N Business services N Renting and other business support 79 Travel agencies, tour operators etc (%) National net lending or net borrowing Surplus of the nation on income approach Adjustm. change in pension entitlements (%) National net lending or net borrowing Surplus on current transactions approach Adjustm. change in pension entitlements (%) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption of goods Food, beverages and tobacco products Total (%) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption of goods Food, beverages and tobacco products Food products (%) Additional details Final consumption expenditure Expenditure classification Households including NPISHs Consumption of goods Food, beverages and tobacco products Beverages and tobacco products (%) Additional details Exports by groups of products Food, beverages and tobacco products (%) Additional details Imports by groups of products Food, beverages and tobacco products (%)
Volume, on corresponding period (y/y) 2021 3rd quarter* 1.7 0.9 20.2 101.0 . . -0.5 0.0 -2.4 2.6 4.1
Volume, on previous period (q/q) 2021 3rd quarter* . -5.6 . . . . . . . . .
Value, on corresponding period (y/y) 2021 3rd quarter* -4.8 20.4 19.8 106.3 . . -0.1 0.0 -0.4 8.9 11.5
Value, on previous period (q/q) 2021 3rd quarter* . -2.8 . . . . . . . . .
Price, on corresponding period (y/y) 2021 3rd quarter* -6.4 19.4 -0.3 2.7 . . 0.4 0.0 2.0 6.2 7.0
Source: CBS.
Explanation of symbols

Table description


This table provides quarterly and annual data on production, expenditures, income and external economic transactions of The Netherlands.

Data available from 1995.

Status of the figures:
Annual data of the period 1995-2019 are final. Quarterly data of 2019, 2020 and 2021 are provisional.

Changes as of December 24th 2021:
Data of the final estimate of 2021q3 have been added to this table.

Adjustments as of August 17th 2021:
The next adjustments were made in this version:
- The base year of chained volume data of seven time series of the group ‘National net lending or net borrowing’ was shifted from 2010 to 2015. This leads to changes in value, volume changes and prices of these time series.
- Some small rounding changes were made in the time series ‘Total final expenditure’ and ‘Changes in inventories’.

When will new figures be published?
The preliminary estimate (flash estimate) of a quarter is released within 45 days. The second estimate is published after 85 days. At the second estimate of the fourth quarter, data of the previous three quarters will also be revised. If (new) annual figures become available in June, the quarterly figures will be revised again to bring them in line with the annual figures.

Description topics

Production approach to GDP
The way GDP is formed by underlying components in the so-called production approach. In this approach GDP equals the sum of value added over all branches (including non-commercial ones). Value added is thereby registered at basic prices. GDP at market prices is obtained by adding taxes less subsidies on production and the difference between imputed and paid VAT. The included taxes and subsidies apply both to produced and imported goods and services. Examples of these are VAT and taxes on import.
Value added basic prices
The value of all goods and services produced (production value or output), minus those that have been intermediately used upon production (intermediate consumption). Value added is rated at basic prices: purchaser's prices minus trade and transport margins and taxes on products paid and plus subsidies on products received. Intermediate consumption is rated at purchaser's prices minus non-deductible VAT.
Included is the output by all kind-of-activity units residing in the Netherlands, also those that are held by foreign owners.
Net value added can be obtained by deducting consumption of fixed capital from gross value added.
A-F Agriculture and industry
This category is made up of the categories:
A Agriculture, forestry and fishing
B Mining and quarrying
C Manufacturing
D Electricity, gas, steam and air conditioning supply
E Water supply; sewerage, waste management and remediation activities
F Construction
B-E Industry (no construction), energy
This category is made up of the categories:
B Mining and quarrying
C Manufacturing
D Electricity, gas, steam and air conditioning supply
E Water supply; sewerage, waste management and remediation activities
C Manufacturing
Manufacturing
10-12 Manufacture of food and beverages
Manufacture of food products, beverages and tobacco
This category is made up of the categories:
10 Manufacture of food products
11 Manufacture of beverages
12 Manufacture of tobacco products
E Water supply and waste management
Water supply; sewerage, waste management and remediation activities
G-N Commercial services
Commercial services
This category is made up of the categories:
G Wholesale and retail trade
H Transportation and storage
I Accommodation and food serving
J Information and communication
K Financial institutions
L Renting and buying and selling of real estate
M Consultancy, research and other specialized business services
N Renting and leasing of tangible goods and other business support services
G-I Trade, transport, hotels, catering
Trade, transport, hotels, catering
This category is made up of the categories:
G Wholesale and retail trade
H Transportation and storage
I Accommodation and food serving
H Transportation and storage
Transportation and storage
M-N Business services
Business services
This category is made up of the categories:
M Consultancy, research and other specialized business services
N Renting and leasing of tangible goods and other business support services
N Renting and other business support
Renting and leasing of tangible goods and other business support services
79 Travel agencies, tour operators etc
79 Travel agencies, tour operators, tourist information and reservation
National net lending or net borrowing
The calculation of the national net lending or net borrowing starting with gross domestic product (GDP). The national financing balance (net lending or net borrowing) is the balance of resources and expenditure on the current account and the capital account of the joint domestic sectors. In the financial account the balance gives the amount new loans are entered into with financial assets abroad and/or are sold (at a deficit) or for any amount to be repaid debts abroad and/or financial assets are purchased (at a surplus). In theory net lending or borrowing equals the change in assets less liabilities. In practice a statistical difference between the two remains.
Surplus of the nation on income approach
The approach of net lending or net borrowing through the surplus of national income.
Adjustm. change in pension entitlements
Adjustment for net equity in pension funds reserves (surplus of the nation). Generally speaking the adjustment is made to pass changes in pension funds reserves through to household savings. The adjustment equals contributions to pension schemes less pension benefits. To estimate national savings only cross-border adjustments are relevant. The adjustments are also made for reserves of non-resident households who are customers of Dutch insurance companies. Reverse adjustments are necessary for these companies.
Surplus on current transactions approach
The net lending (if positive) or borrowing (if negative) of the total economy to / from the rest of the world on current transactions (trade, primary income, current transfers). The surplus of the nation on current transactions is the last item in the use of income account to the rest of the world and consists of: net exports, net primary income from the rest of the world and net current transfers from the rest of the world. The surplus of the nation on current transactions equals the net national savings less the net fixed capital formation.
Adjustm. change in pension entitlements
Adjustment for net equity in pension funds reserves (surplus of the nation). Generally speaking the adjustment is made to pass changes in pension funds reserves through to household savings. The adjustment equals contributions to pension schemes less pension benefits. To estimate national savings only cross-border adjustments are relevant. The adjustments are also made for reserves of non-resident households who are customers of Dutch insurance companies. Reverse adjustments are necessary for these companies.
Additional details
The additional details of some variables in the previous parts of this table are being given in this section.
Final consumption expenditure
Expenditure on goods or services that are used for the direct satisfaction of individual or collective needs. Expenses may be made at home or abroad, but they are always made by resident institutional units, that is households or institutions residing in the Netherlands. By definition only households, non-profit institutions serving households (NPISHs) and government institutions consume. Enterprises do not: expenses they make on goods and services are thought to serve production and are therefore classified as intermediate consumption of fixed capital formation. The general government is a special case. The government also has intermediate consumption, just like enterprises. But the output delivered by the government which is not directly paid for, non-market output (like safety), is classified as consumption by the general government. It is said that the government 'consumes its own production'. The system of national accounts demands that all that is produced is also consumed (or serves as an investment). By convention, government output is consumed by the government itself. This is not the only consumption by the general government. It also contains social transfers in kind. In the Netherlands this mainly concerns health care bills paid for by the government and an allowance for the rent.
Expenditure classification
This classification focuses on the expenses for consumption goods and services. The total final consumptions is divided to sectors which actually financed the consumption expenditures.
Households including NPISHs
Consumption expenditure by households and non-profit institutions serving households (NPISHs). Not all expenses made by households are seen as consumptive, households may invest as well. These investments mainly concern the purchase of houses and substantial costs on maintenance. Small costs on maintenance, indoor painting and the purchase of furniture is classified as consumption. This also applies to the purchase of cars and car maintenance.
Consumption of goods
Consumption of goods by households and NPI households.
Food, beverages and tobacco products
Food products, beverages and tobacco products
Total
Food products
Food products
Beverages and tobacco products
Beverages and tobacco products
Exports by groups of products
Exports by groups of products in according to standard products classification CPA 2008.
Food, beverages and tobacco products
Food products, beverages and tobacco products
Imports by groups of products
Imports by groups of products in according to standard products classification CPA 2008.
Food, beverages and tobacco products
Food, beverages and tobacco products